British Metal Hammer magazine saved from closure
10 January 2017
Facing extinction following the late-December bankruptcy of publisher TeamRock, venerable magazine Metal Hammer will remain in business via Future Publishing, which has acquired Metal Hammer, Classic Rock and Prog magazines.
According to The Guardian, the roughly $1 million (£800,000) deal includes the magazines, events, and license for the Team Rock digital radio service.
"The acquisition of these classic rock brands with their associated magazines, events and websites marks a further step in our buy and build strategy," said Zillah Byng-Thorne, chief executive of Future.
Regarding staff, The Guardian says this: "Only a handful of staff have been guaranteed jobs in the transition of the TeamRock business, handled by administrators FRP Advisory, although ongoing negotiations could allow more move to Future."
Interestingly, it was Future that sold Metal Hammer along with several other titles to TeamRock in 2013 for more than $12 million.
Source: lambgoat.com
News
- ALBUM REVIEW - LINKIN PARK - 'From Zero'
- Three locals support bands for INTEGRITY in Sofia
- Two hot tracks enter the TANGRA TOP 40 chart - VOTE here
- ODD CREW stream new single and video 'Stranger Things'
- MONY PANCHEV's ROCKENROLL radio show is today - kicks off at 4 pm
advertising
Tangra Top 40
- 1
The Emptiness Machine
LINKIN PARK - 2A Fragile Thing
THE CURE - 3New Waters
ODD CREW - 4Make It Right
OFFSPRING - 5100 зъба
ONE DAY LESS
advertising
